SINGAPORE (Mar 9): Grab is making its first move to take over the bike-sharing market. It is due to launch GrabCycle Beta by mid-2018 as a digital platform that allows consumers to rent bicycles or scooters from oBike, GBikes, Anywheel and Popscoot.

The project is the first under GrabVentures, the ride-hailing operator’s innovation arm to test out new concepts.

Grab announced a partnership with oBike two months ago. The group is currently seeking other bike-sharing companies to join its GrabCycle platform. Notably, Alibaba-backed Ofo and Temasek-backed Mobike are currently not part of GrabCycle.

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